Royal Dutch Shell’s (RDS) $70 billion bid for U.K.-based BG Group, one of the largest buyouts in the energy space in decades, raises more questions than it provides answers. But the big question is what the other super majors, particularly Exxon Mobil (XOM), are thinking in light of this big deal. Are they also looking for mega-deals of their own? The Shell-BG deal points to a consolidation theme — which I address in my upcoming e-book, Shale Boom, Shale Bust — as part of the second phase of collapsing oil prices. Crumbling oil and gas prices…
SOURCE: Oilprice.com – Read entire story here.
